Medical Marijuana News
Sales of adult-use marijuana hit the $5 billion mark in Massachusetts, where the executive director of the state’s Cannabis Control Commission shot down an earlier announcement that he is resigning.
Maine’s congressional delegation on Thursday formally urged the U.S. Department of Justice to shut down a suspected statewide ring of illegal marijuana grows that’s allegedly connected to Chinese nationals.
Tennessee-based investment firm Big Plan Holdings (BPH) is joining forces with cannabis retailer and cultivator Silver Therapeutics to acquire $35 million worth of marijuana commercial real estate and operations in New England.
Maine will allow legal marijuana businesses to take some tax deductions on their state returns to make up for forbidden expenses on their federal taxes.
An attorney for the alleged mastermind of an illegal interstate marijuana operation based in Maine claimed that a Congressional act intended to shield legal marijuana businesses from federal prosecution also protects his client.
The U.S. cannabis industry is benefiting from long-desired tax relief now that an increasing number of states – 20 so far – have approved laws that exempt, or “decouple,” businesses from Section 280E of the federal tax code.
MJBizDaily mapped a series of visuals illustrating where each marijuana multistate operator is operational.
